NZ services sector activity slips in November, remains elevated

Sun, 15 Dec 2013

Dec. 16 (BusinessDesk) – New Zealand services sector activity slipped from a six-year high in November, while remaining at an elevated level, adding to other recent evidence that momentum in the economy is picking up pace. The BNZ-BusinessNZ Performance of Services Index (PSI) fell 1.4 points to 56.3, remaining in expansion for a seventh straight month. The PSI was again led by new business/orders, with a reading of 60.8, down from 63 in October. Activity/sales fell to 58.3 from 60.9. Employment rose to 54.4, the highest since April last yea...

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